Cement News tagged under: COVID-19
US cement shipments down 8% in April27 July 2020, Published under Cement NewsShipments of Portland and blended cement in the US and Puerto Rico fell 7.5 per cent YoY to 8.1Mt in April 2020, according to the US Geological Survey (USGS). The leading cement-consuming states were Texas, California, Florida, Georgia and Ohio, which accounted for a combined market share of 42 per cent. The top five producing states were Texas, Missouri, California, Florida and Alabama Masonry cement shipments declined 11 per cent YoY to 195,000t in April 2020. Florida, Texas, North Caro... |
FLSmidth's 2Q20 preliminary report sees 29% decline in order intakes27 July 2020, Published under Cement NewsFLSmidth released its preliminary 2Q20 report ahead of the full interim 2Q20 results due to the volatility in order intake and revenue combined with the suspension of guidance caused by COVID-19. Across all regions, the mining industry and especially the cement industry have been negatively affected by the pandemic. In the 2Q20, organic order intake declined 29 per cent and organic revenue dropped 26 per cent YoY. Order intake totalled DKK3348m (US$526.2m) compared to DKK4954m in 2Q19. Reve... |
Arabian Cement sees 80% fall in 2Q net profit27 July 2020, Published under Cement NewsArabian Cement Co reported a net profit of SAR7.6 (US$2) m in the 2Q20, down 79.6 per cent YoY. In the 2Q19 net profit reached SAR37.3m. Revenue declined by 15.2 per cent YoY to SAR139.6m in the 2Q20 from SAR164.6m in the equivalent period of the previous year. The company attributes the fall in net profits to a decrease in sales values and volumes at its subsidiary in Jordan, which was affected by closure due to the COVID-19 pandemic. In addition, Arabian Cement’s sales, general, admini... |
Dry bulk outlook amid COVID-19 impact21 July 2020, Published under Cement NewsAs the coronavirus took hold of global economic activity, dry bulk trade crashed. As some parts of the world cautiously move out of lockdown, what is the outlook for the shipping of cement and other dry bulk trades? By Rahul Sharan, Drewry Maritime Research, UK. Figure 1: the world’s largest cement importers (top) and exporters (bottom), 2019 The COVID-19 pandemic that started with China has now gripped almost the entire world, severely hitting global economic activities and ... |
Spain's cement demand falls 17% in 1H1921 July 2020, Published under Cement NewsCement consumption in Spain declined 16.5 per cent to 6.1Mt in the first half of 2020 when compared with the 1H19, according to Oficemen, the country’s cement association. The association attributes the fall to the halt in construction works due to the coronavirus pandemic. "In June, many of the works paralysed during the confinement, for example, real estate developments, were resumed, but the monthly positive data should not make us think of a recovery in the sector," explains Oficemen p... |
Eagle Cement Corp will pursue expansion plans21 July 2020, Published under Cement NewsEagle Cement Corp will pursue its expansion plans despite the impact of the coronavirus pandemic. Expansion-related capital expenditures will continue while spending for non-critical projects and activities "will be trimmed," said Eagle president and CEO, Paul Ang. "Our strong financial position will allow us to weather this health crisis battering the economy without giving up major components of our expansion plans, which will secure our future growth," Mr Ang said. For this year, Eagl... |
Rwanda's cement shortage sparked by classroom building21 July 2020, Published under Cement NewsCimerwa is seeing a sharp rise in cement prices in Rwanda, following a cement shortage that has been driven by the Ministry of Education's programme for 20,000 classrooms to be built before September in the country. Cement prices have climbed from RWF8500 (US$8.92) to RWF13,000 (US$13.64) in recent days. Cimerwa's retail prices for cement are lower at RWF8800 for Surewall, RWF9800 for Surecem and RWF10,800 for Surebuild. The company expressed displeasure at traders selling cement at h... |
Bangladesh: overcoming industry pressures20 July 2020, Published under Cement NewsCement demand in Bangladesh has been growing fast and potential is strong. However, in 2019 producers faced a number of setbacks, added to which now is the COVID-19 impact. By EBL Securities Ltd, Bangladesh. Although a booming sector with great potential, a number of challenges remain for the cement producers in Bangladesh From unfavourable tax measures to escalating raw material prices, intensified competition, price wars, the weakening taka (BDT), slowing demand and increas... |
Pakistan's cement export volumes rise20 July 2020, Published under Cement NewsPakistan's Federal Bureau of Statistics (FBS) has released cement export data for the 12 months of July-June (2019-20). During this period, the quantity of cement exports increased but the dollar value fell, reflecting a weaker global market for cement and clinker in the aftermath of COVID-19. Pakistan's total exports (all commodities) decreased by 6.8 per cent during the FY19-20 to US$21.394bn against US$22.958bn in the corresponding period of last year, the PBS data revealed. Pakistan'... |
Will Turkish cement exports come under pressure?17 July 2020, Published under Cement NewsAs the second-largest cement exporter after Vietnam, Turkey's cement industry has for many years exported its surplus around the world. However, analysts anticipate Turkish trade to contract due to COVID-19 as the pandemic affects trans-Atlantic exports to the US, as well as other countries where anti-dumping measures increase in response to local surpluses - most recently Georgia . However, this week's news indicates that Turkish cement exporters have found ways to boost their sales, at le... |